In the 21st century, human civilization has witnessed a plethora of innovations in different fields. One captivating example is big data. Strengthening its claims, Big Data proved its potential to uplift a business in every aspect after an efficient utilization of the technology.
The success of big data has paved a way for another revolution in technology industry which is way bigger than its predecessor. Yes, you are right it’s none other than the Internet of Things (IoT).
For all those of you who are relatively new to the concept, the definition of IoT is as follows:
The term, Internet of Things, basically refers to an ever-expanding network of objects (generally physical in nature) with an IP address for internet connectivity and their communication with other internet based systems and devices.
This Omni-present internet connectivity and the availability of such devices has created an opportunity to pioneer innovative products and services, bring down costs of operation and support revenue generation.
To further this point, benefits of IoT for some of the major industries are given below:
With IoT, it the industry can enhance workforce productivity, resource utilization, and give way to efficient gains and costs reduction.
In the sector of manufacturing, it would not only result in improved flexibility and agility but it also reduces carbon footprints and energy consumption.
With the utilization of IoT would give rise to environmental benefits one hand and drastically bringing down costs on the other hand. That means better usage of resource and critical systems’ preventive maintenance.
Automotive and transportation has the chance to reduce pollution along with enhancing customer experience along with improved safety and auxiliary revenue streams.
All the above-listed industries are like a drop in an ocean when it comes to the industries that can benefit from utilizing IoT.
But before taking IoT into use for your business, you should be keeping some important factors in your mind:
When talking about IoT, first thing that comes to our mind is a universe of data hitting data storage of companies. For this reason, business should be well equipped to deal with the situation of heterogeneous data and its extreme load.
Security of Data
Today’s security experts are relatively new to the heterogeneous world of IoT and their lack of experience could easily increase the potential risks. In other words, any attack would not only harm the data, but it can possibly damage the device itself.
With the Internet of Things and its vast amount of data, organizations would be required to make considerable changes in their framework of security. These changes would include the usage devices with non-repudiable identity, multi-layered security system, proper network segmentation and so forth.
Big Data Analytics
Big Data and IoT: They are the two sides of the same coin. Extraction of real value from IoT data is one of the most important challenges that organizations face today. Hence, it is required to execute an effective strategy of Big Data Analytics Solutions for conducting an analysis of data in a proper manner. Remember, not all IoT data is important.
Keep in mind all the above factors before you utilize The Internet of Things to the advantage of your business. If still in doubt, you can contact a web development company that can efficie54ntly provide various services like implementing security measures, analytics solutions, Content Management System (e.g.: Kentico CMS System) and various other solutions.